Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.153%

Price spread now: Orderly against Coinbase International−0.399%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.399% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.399% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 3.9 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International FIL-PERP-INTX	0.9995	−0.0240	get 0.0030% / 1h	23m 32s	$365K	$2.1M	50x
Short	Orderly PERP_FIL_USDC_mythos	0.9955	0.0100	get 0.0050% / 4h	3h 23m	$4K	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now −0.399%Rate

Funding earned: $71.4
Price spread: −0.399% → 0.000%: −$39.92
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $15.48
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Coinbase International: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 5 min ago	5.51 bp	14.3 bp −$14	17.9 bp −$179	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FIL on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FIL_USDC-PERPETUAL	−0.0855%	1h	0.9945	−0.500%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTXlong	−0.0240%	1h	0.9995	long leg	$365K	$2.1M	50x
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9951	−0.440%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9940	−0.548%	$58K	$2K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0002%	8h	0.9943	−0.520%	$18.4M	$106.0M	50x	as long as short
KuCoin FILUSDTM	+0.0020%	8h	0.9949	−0.460%	$7.3M	$7.7M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.401%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0067%	1h	0.9943	−0.516%	$1.4M	$2.2M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9936	−0.587%	$153K	$365K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9948	−0.468%	$8.4M	$9.4M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	0.9937	−0.581%	$507K	$613K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9935	−0.603%	$57.1M	$185.1M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9935	−0.600%	$15.8M	$20.4M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9940	−0.550%	$8.4M	$16.8M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9945	−0.500%	$240K	$104K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9939	−0.560%	$11.4M	$20.4M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9939	−0.560%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9956	−0.394%	$450K	$266K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9967	−0.278%	$45K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9965	−0.299%	$294K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9960	−0.350%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythosshort	+0.0100%	4h	0.9955	−0.399%	$4K	$798	10x
SunX FIL-USDT	+0.0100%	8h	0.9940	−0.550%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9939	−0.560%	$474	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9945	−0.500%	$619K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9940	−0.550%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9936	−0.589%	$700K	$2.8M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9950	−0.450%	$2.7M	$713K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0582% / S −0.0251%	1h	0.9951	−0.440%	$266K	—	100x	as long as short